Rabinettenbank: Middle East Conflict May Continue to Support the Dollar

Odaily According to Jane Foley of Rabobank in a report, as there are no signs of easing in the Middle East conflict, the US dollar may still have room for further strengthening. The rise of the dollar since the conflict began should end the previous debate over whether the dollar lost its safe-haven status after its decline in April last year due to tariffs. She stated that the dollar still faces uncertainties, including how the Federal Reserve balances political pressure to cut interest rates with inflationary pressures brought by rising energy prices. However, as an oil-exporting country, the US may see an improvement in its terms of trade as a result. (Jin10)